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CBRE Vietnam Real Estate Spotlight – W20 2019

Indonesia’s Kimia Farma eyes expansion into Vietnam, Sapa airport project gets Gov’t greenlight, Growth quality concerns over disproportionate investment in Saigon real estate….

  • One new launched:

    • Imperia Sky Garden (Hai Ba Trung District)                              

      • Total units: 1,866 units
      • Scale: 7,847.1 sqm
      • Unit size: 57.91 – 105.21 sqm (2 – 3 bedrooms)                                  
      • Price*: from VND35 million per sqm
  • Advertisement:
  • Thang Long Capital Premium (Hoai Duc District)                              

    • Total units: 540 units
    • Scale: 31,394 sqm
    • Unit size: 61.7 – 96.8 sqm (2 – 3 bedrooms)                                  
    • Price*: from VND18 million per sqm
  • Asahi Tower (Hai Ba Trung District)                              
  • Total units: 226 units
  • Scale: 2.8 ha
  • Unit size: 69.86 – 105.02 sqm (2 – 4 bedrooms)                                  
  • Price*: from VND36 million per sqm

* Prices included VAT

  • No New Launch                  
  • Advertisement:                                            

    • Signial (District 7)                                               

      • Developer: An Gia Corp & Creed Group
      • Total units: 1,150 units 
      • Scale:  63,000 sqm land area
      • Unit size: 39.6 – 40.6 sqm (1 bedroom)                                                                
      • Price*:   from VND1.2 billion/ unit (recorded on Tuoitre newspaper posted on May10) 

* Prices included VAT

Note: Selected newspapers include Dau Tu Bat Dong San, Thoi bao kinh te Vietnam, The gioi thong tin bat dong san, CafeF, Tuoitre, Tap chi dau tu bat dong san, Vietnamnet, Thi truong Bat dong san & Tai san, Nguoi dua tin, VnExpress



















Dung Duong MRICS

Senior Director

T +84 286 284 7668



An Nguyen

T +84 24 2220 0220







SK Group to buy 6.1% stake in Vietnam's Vingroup for US$1 bln

South Korea’s chip-to-energy conglomerate SK Group said it has agreed to buy a 6.1% stake in Vietnam’s Vingroup JSC for US$1 billion. SK Group said it will actively seek new business opportunities in the Southeast Asian country as a strategic investor in the Vietnamese conglomerate that makes a range of products from automobiles to smartphones.




Retailer Auchan's exit from Vietnam gets interest from potential buyers

Auchan Retail CEO Edgar Bonte told newspaper Les Echos that the group had decided to sell its 18 stores in Vietnam. Those Vietnam outlets currently generate revenue of 45 million euros (US$50.4 million). The exit from Vietnam follows Auchan’s deal earlier this week to sell almost all the activities of its loss-making Auchan Retail Italia arm to Conad, the Italian co-operative retail group.




Lotte's Eco-Smart City and Keppel Land's Saigon Sports City pushed on


The HCMC People’s Committee has requested related authorities to speed up the process of the US$884 million Eco-Smart City invested by Korean giant Lotte Group and the US$500 million Saigon Sports City invested by Singaporean Keppel Land. Administrative procedures were among the key reasons behind the delay of two projects. The city’s chairman Nguyen Thanh Phong requested that the problems should be solved maximum in the remaining seven months of the year.




Vietnam ranks 31st worldwide for increase in coworking space

CoworkingResources, a global informational hub for modern workspaces, released the results of its 2019 Global Coworking Growth Study on Wednesday. Accordingly, Vietnam is ranked 31st among the top 50 major countries and territories in terms of coworking growth per capita. Among other findings, HCMC placed 41st out of the 50 fastest-growing cities in the world in terms of coworking space growth.




Growth quality concerns over disproportionate investment in Saigon real estate


A recent report on the socio-economic situation of HCMC in the first 4 months of 2019 says real estate accounted for 32.7 percent of all domestic investment into the city, the highest proportion, followed by the sale and maintenance of motor vehicles, at 17 percent.




First Dusit Thani hotel signed for Vietnam
Dusit International has signed a hotel management agreement with Vietnam-based property developer Hoi An Royal Group to operate the five-star Dusit Thani Hoi An, the first Dusit Thani branded hotel in Vietnam. Located in Dien Ban Town near the port of Hoi An, the resort is set to open in 2021 with 180 guestrooms and 69 luxury villas. Resort facilities will include a large outdoor swimming pool, gym, spa several function rooms, and a bar and lobby lounge. 




Sapa airport project gets Gov’t greenlight
Saigon Times


Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Transport to approve a detailed master plan for Sapa Airport near the popular tourist destination of Sapa Township in the mountainous northwestern province of Lao Cai.




US$7 billion apartment complex proposed for Quang Ninh

Relevant ministries have been asked to review a Vingroup proposal to build a US$7 billion residential apartment complex in northern Quang Ninh Province. Ha Long Green project in the northern province that is home to world famous natural attraction Ha Long Bay, would cover an area of nearly 3,200 hectares.  It would be located alongside the Ha Long – Hai Phong expressway, connecting Ha Long Bay with the northern coastal city of Hai Phong. It would consist of 55,300 properties for both residential and commercial purposes, as well as schools and parks.



WB to support HCMC's institutional reforms for sustainable urban development

The World Bank Board of Executive Directors yesterday approved a US$125 million credit to assist HCMC in strengthening the institutional foundations for sustainable urban development. The policy program aims to remove institutional bottlenecks to enable Vietnam’s largest city and economic powerhouse to address some of its most pressing urban governance challenges.




Indonesia’s Kimia Farma eyes expansion into Vietnam

Indonesian state-owned pharmaceuticals firm Kimia Farma is considering expanding into Vietnam by acquiring a local company.